Price predictions 1/16: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, XMR, BCH, LINK

2 hours ago

Key points:

Bitcoin is attempting to find enactment adjacent the $94,500 level, signaling a affirmative sentiment.
Buyers volition person to support the enactment levels successful prime large altcoins; other the betterment could fizzle out.

Bitcoin’s (BTC) shallow pullback is attempting to find enactment adjacent the $94,500 level, indicating a deficiency of assertive selling by the bulls. A affirmative motion is that BTC’s rally supra $97,500 was supported by coagulated buying by organization investors since Monday. According to Farside Investors data, spot BTC exchange-traded funds recorded $1.81 cardinal successful nett inflows this week.

BitMEX co-founder Arthur Hayes said successful a station connected Wednesday that BTC volition get its groove backmost successful 2026 arsenic dollar liquidity volition grow successful 2026. Hayes added that arsenic dollar liquidity rises rapidly, “BTC volition follow.”

While the near-term signals constituent to a imaginable rally supra the intelligence level of $100,000, traders request to beryllium watchful. Daan Crypto Trades said successful a station connected X that BTC needs to clasp the $94,000 region arsenic a interruption beneath it “would not marque for a beauteous look.”

Could BTC and the large altcoins resume their alleviation rally? Let’s analyse the charts of the apical 10 cryptocurrencies to find out.

Bitcoin terms prediction

BTC pierced the $96,846 absorption connected Wednesday, but the bulls could not prolong the higher levels. The terms slipped backmost beneath the breakout level connected Thursday.

A insignificant affirmative successful favour of the bulls is that they person not fixed up overmuch ground. If the terms turns up from the existent level and breaks supra $97,925, it signals the resumption of the up move. The BTC/USDT brace could rally to $107,500, with a insignificant halt astatine $100,000.

This affirmative presumption volition beryllium invalidated successful the adjacent word if the Bitcoin terms turns down and breaks beneath the 20-day exponential moving mean ($92,083). The brace whitethorn past driblet to the 50-day elemental moving mean ($90,127).

Ether terms prediction

Ether (ETH) bulls are attempting to clasp the terms supra the absorption line, but the bears proceed to exert pressure.

The moving averages are the important enactment to ticker retired for connected the downside. If the terms rebounds disconnected the moving averages, the bulls volition effort to thrust the ETH/USDT brace to $3,659 and subsequently to $4,000.

Alternatively, a adjacent beneath the moving averages suggests that the interruption supra the triangle whitethorn person been a bull trap. The Ether terms could past plunge to the enactment line. Buyers volition effort to support the enactment enactment arsenic a interruption beneath it tilts the vantage successful favour of the bears. The brace whitethorn past illness to $2,623.

XRP terms prediction

XRP (XRP) turned up from the moving averages connected Tuesday, but the bounce fizzled connected Wednesday, indicating selling connected each insignificant rally.

The bears volition effort to propulsion the XRP terms beneath the 50-day SMA ($2.01). If they succeed, it suggests that the XRP/USDT brace could stay wrong the descending transmission signifier for a portion longer.

The bulls volition person to footwear the terms supra the downtrend enactment to awesome a imaginable short-term inclination change. The brace whitethorn past ascent to $2.70. On the downside, a adjacent beneath the enactment enactment could descend the brace toward the Oct. 10 debased of $1.25.

BNB terms prediction

BNB (BNB) is witnessing a pugnacious conflict betwixt the bulls and the bears astatine the breakout level of $928.

The upsloping 20-day EMA ($903) and the RSI supra the 61 level bespeak that the bulls person the precocious hand. If the BNB terms turns up from $928, it suggests that buyers person flipped the level into support. That enhances the prospects of a rally toward the signifier people of $1,066.

On the contrary, if the terms tumbles beneath the moving averages, it signals that the breakout supra the $928 level whitethorn person been a bull trap. The BNB/USDT brace whitethorn past descend to the uptrend line.

Solana terms prediction

Solana (SOL) turned down from the $147 level connected Thursday, but a affirmative motion is that the bulls person not ceded overmuch crushed to the bears.

The upsloping 20-day EMA ($137) and the RSI successful the affirmative territory suggest that buyers are successful control. That increases the likelihood of a interruption supra the $147 resistance. The SOL/USDT brace could past surge toward $172.

Sellers volition person to propulsion the terms beneath the 50-day SMA ($132) to weaken the bullish momentum. The Solana terms could past stay wrong the $117 to $147 scope for a fewer much days.

Dogecoin terms prediction

Dogecoin’s (DOGE) bounce disconnected the moving averages connected Tuesday could not scope the overhead absorption astatine $0.16, signaling a deficiency of request astatine higher levels.

The flattening moving averages and the RSI adjacent the midpoint suggest the DOGE/USDT brace whitethorn signifier a scope successful the adjacent term. If the Dogecoin terms skids beneath the moving averages, the brace could tumble to $0.13 and past to $0.12.

Buyers volition person to shove the terms supra the $0.16 level to prehend control. If they bash that, the brace could rally to $0.20. Such a determination indicates that the marketplace has rejected the breakdown beneath $0.13.

Cardano terms prediction

Cardano (ADA) returned from the downtrend enactment connected Wednesday, indicating that the bears are progressive astatine higher levels.

There is insignificant enactment astatine $0.38, but if the level cracks, the ADA/USDT brace could descent toward $0.33. Buyers are expected to vigorously support the $0.33 level arsenic a interruption beneath it could descend the brace to the Oct. 10 debased of $0.27.

The archetypal motion of spot volition beryllium a interruption and adjacent supra the downtrend line. The Cardano terms could past surge to the breakdown level of $0.50, wherever the bears are expected to equine a beardown defense.

Monero terms prediction

Monero (XMR) skyrocketed to $800 connected Wednesday, but the agelong wick connected the candlestick shows selling astatine higher levels.

The pullback is expected to find enactment astatine the 38.2% Fibonacci retracement level of $653 and beneath that astatine the 50% retracement level of $608. If the terms rebounds disconnected the support, the bulls volition again strive to propel the XMR/USDT brace supra $800. If they tin propulsion it off, the Monero terms could resume its uptrend toward $1,000.

On the contrary, a interruption and adjacent beneath the $608 level suggests the bulls are losing their grip. The brace whitethorn past slump to the 20-day EMA ($543).

Bitcoin Cash terms prediction

Bitcoin Cash (BCH) attempted a rally supra the $631 absorption connected Thursday, but the bears successfully defended the level.

The 20-day EMA ($613) has started to crook down, and the RSI is successful the antagonistic territory, indicating a flimsy borderline to the sellers. If the terms sustains beneath the 50-day SMA ($591), the BCH/USDT brace could slump to $563 and past to $518.

Buyers are apt to person different plans. They volition effort to support the 50-day SMA and swiftly thrust the Bitcoin Cash terms supra the $631 level. If they negociate to bash that, the brace could surge to $720.

Chainlink terms prediction

Chainlink (LINK) remains stuck wrong the $11.61 to $14.98 range, indicating buying adjacent the enactment and selling adjacent to the resistance.

The moving averages are the important enactment to ticker retired for connected the downside. If the terms rebounds disconnected the moving averages, the bulls volition marque different effort to thrust the LINK/USDT brace supra the $14.98 resistance. If they succeed, the Chainlink terms could surge toward $17.66.

Instead, if the terms skids beneath the moving averages, it suggests that the brace whitethorn widen its enactment wrong the scope for immoderate much time.

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision. While we strive to supply close and timely information, Cointelegraph does not warrant the accuracy, completeness, oregon reliability of immoderate accusation successful this article. This nonfiction whitethorn incorporate forward-looking statements that are taxable to risks and uncertainties. Cointelegraph volition not beryllium liable for immoderate nonaccomplishment oregon harm arising from your reliance connected this information.

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